CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-19

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-19	Common Stock	S	75	$215.60	Disposed	146904	Indirect
2017-05-19	Common Stock	S	26	$215.60	Disposed	51975	Indirect
2017-05-19	Common Stock	S	26	$215.60	Disposed	51975	Indirect
2017-05-19	Common Stock	S	162	$216.83	Disposed	146742	Indirect
2017-05-19	Common Stock	S	57	$216.83	Disposed	51918	Indirect
2017-05-19	Common Stock	S	57	$216.83	Disposed	51918	Indirect
2017-05-19	Common Stock	S	25	$217.60	Disposed	146717	Indirect
2017-05-19	Common Stock	S	9	$217.60	Disposed	51909	Indirect
2017-05-19	Common Stock	S	9	$217.60	Disposed	51909	Indirect
2017-05-19	Common Stock	S	87	$219.08	Disposed	146630	Indirect
2017-05-19	Common Stock	S	30	$219.08	Disposed	51879	Indirect
2017-05-19	Common Stock	S	30	$219.08	Disposed	51879	Indirect
2017-05-19	Common Stock	S	137	$220.17	Disposed	146493	Indirect
2017-05-19	Common Stock	S	49	$220.17	Disposed	51830	Indirect
2017-05-19	Common Stock	S	49	$220.17	Disposed	51830	Indirect
2017-05-19	Common Stock	S	3093	$221.56	Disposed	143400	Indirect
2017-05-19	Common Stock	S	1079	$221.56	Disposed	50751	Indirect
2017-05-19	Common Stock	S	1079	$221.56	Disposed	50751	Indirect
2017-05-19	Common Stock	S	989	$222.35	Disposed	142412	Indirect
2017-05-19	Common Stock	S	345	$222.35	Disposed	50406	Indirect
2017-05-19	Common Stock	S	345	$222.35	Disposed	50406	Indirect
2017-05-19	Common Stock	S	691	$223.72	Disposed	141720	Indirect
2017-05-19	Common Stock	S	241	$223.72	Disposed	50165	Indirect
2017-05-19	Common Stock	S	241	$223.72	Disposed	50165	Indirect
2017-05-19	Common Stock	S	324	$224.45	Disposed	141396	Indirect
2017-05-19	Common Stock	S	113	$224.45	Disposed	50052	Indirect
2017-05-19	Common Stock	S	113	$224.45	Disposed	50052	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2146	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.41 to $216.24, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F2: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F3: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson.

F4: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.46 to $217.34, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.47 to $217.72, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.49 to $219.44, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.96 to $220.74, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.04 to $222.03, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.06 to $222.94, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.16 to $224.14, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.18 to $224.99, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F13: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.